Published by TMR Research Insights
Posted on August 10, 2021
Racing Drones Market: Introduction
Transparency Market Research delivers key insights on the global racing drones market. In terms of revenue, the racing drones market is estimated to expand at a CAGR of ~19% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the racing drones market.
A racing drone is a small quadcopter unmanned aerial vehicle i.e. UAV, which is designed for FPV i.e. (first person view) racing events. Racing drones come in different types, primarily the following: ready-to-fly (RTF), bind-and-fly (BNF), do-it-yourself (DIY), plug-and-play (PNP), and plug–and-fly (PNF) drones. RTF racing drones are primarily for beginners who want to learn the method to handle racing drones and participate in events. On the other hand, DIY racing drones are designed for experts who want to build their own customized racing drones. A racing drone has multiple components, such as an FPV camera, remote controller, flight controller, video transmitter and receiver, drone frame, battery, propellers, and FPV goggles. A DIY racing drone can be built from these components.
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Racing Drones Market: Dynamics
Popularity of drone racing as a competitive sport is growing all over the world. The sport is being rapidly commercialized by racing organizations, including International Drone Racing Association, Inc. and the U.S. Drone Racing Association.
Ready-to-fly racing drones do not require any additional assembly and they can directly enter any racing event. Multiple types of ready-to-fly racing drones are available in the marketplace, including Walkera Furious 215, ARRIS X-Speed 250B, and Walkera Runner 250 Pro. Use of ready-to-fly racing drones is growing, owing to zero setup cost and no requirement for assembly. Moreover, ready-to-fly racing drones are highly useful for beginners. They can learn to fly racing drones with ease and without any requirement for building their own racing drones. Moreover, ready-to-fly racing drones are inexpensive compared to other types of drones. Increasing use of ready-to-fly racing drones is projected to have a medium impact on the racing drones market from 2019 to 2027, owing to their numerous advantages.
Racing Drones Market: Prominent Regions
Asia Pacific is expected to dominate the racing drones market during the forecast period, owing to early adoption of technologies, presence of a large number of well-established players providing racing drones, and increasing popularity of drone racing across the region, especially in countries such as China, Japan, Australia, India, and South Korea. Furthermore, professional pilots are emerging from Asia Pacific, especially China, which holds a significant share of the market in the region. The market in North America is projected to expand at a significant rate during the forecast period, due to growing popularity of FPV drone racing tournaments, such as MultiGP Canada Drone Racing League and the U.S. National Drone Racing Championship, in the region. Popularity of drone racing is high especially among professional racers, as the winning price of these competitions is very high.
Racing Drones Market: Key Players
The global racing drones market witnesses presence of a large number of well-established as well as emerging players. A few of the key players operating in the global racing drones market are YINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, and Hubsan. These players strive to gain a competitive edge by developing innovative products that cater to multiple applications. For instance, in 2019, YINYAN Model Tech MFT announced the launch of a new racing drone called ‘Babyhawk R Pro 4’. Size of this drone is small i.e. 4 inches and it can fly at a high speed without creating much noise. The new product would help the company in catering to micro and mini racing drone product segments.
Inception of Drone Racing League to Accelerate Market Growth
Witnessing the growing interest in drone racing, the first-of-its-kind Drone Racing League was founded in 2015. The inception of the league is expected to play a critical role in the development of the drone racing market in the coming years. The Drone Racing League, which is currently in its fourth season, is held across multiple locations around the world, including Germany, France, and the U.S. With significant improvements in the FPV technology, availability of a plethora of FPV goggles, and consistent developments to widen the field of view (FOV), the racing drones market has witnessed significant growth.
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Organizers of the drone racing leagues are continually introducing innovative drone racing circuits that are expected to encourage and drive innovations in the racing drones market. For instance, the Drone Racing League launched an Artificial Intelligence Robotic Racing (AIRR) Circuit, a drone racing series, wherein university students and tech-geeks are invited to develop an AI framework that will enables the racing drones to fly through racing league circuits without human intervention.
Moreover, due to the growing popularity of FPV racing as a competitive sport, organizations, such as the Drone Racing League and the U.S. Drone Racing Association, have been established.
The racing drones market is entering an era wherein investments are growing at an impressive rate, as companies, including Pepsi, GoPro, and Ernst & Young, are associating with racing drone events as corporate sponsors. Moreover, drone racing episodes were recently aired on the Discovery and Science Channels, which, in turn, is expected to improve awareness pertaining to drone racing.
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Photonic Integrated Circuits Market With – https://www.prnewswire.com/news-releases/tmr-projects-strong-growth-for-photonic-integrated-circuits-market-with-a-23-0-cagr-thanks-to-rising-demand-from-telecommunications-301015199.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
Racing Drones Market: Introduction
Transparency Market Research delivers key insights on the global racing drones market. In terms of revenue, the racing drones market is estimated to expand at a CAGR of ~19% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the racing drones market.
A racing drone is a small quadcopter unmanned aerial vehicle i.e. UAV, which is designed for FPV i.e. (first person view) racing events. Racing drones come in different types, primarily the following: ready-to-fly (RTF), bind-and-fly (BNF), do-it-yourself (DIY), plug-and-play (PNP), and plug–and-fly (PNF) drones. RTF racing drones are primarily for beginners who want to learn the method to handle racing drones and participate in events. On the other hand, DIY racing drones are designed for experts who want to build their own customized racing drones. A racing drone has multiple components, such as an FPV camera, remote controller, flight controller, video transmitter and receiver, drone frame, battery, propellers, and FPV goggles. A DIY racing drone can be built from these components.
Request Brochure of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=58644
Racing Drones Market: Dynamics
Popularity of drone racing as a competitive sport is growing all over the world. The sport is being rapidly commercialized by racing organizations, including International Drone Racing Association, Inc. and the U.S. Drone Racing Association.
Ready-to-fly racing drones do not require any additional assembly and they can directly enter any racing event. Multiple types of ready-to-fly racing drones are available in the marketplace, including Walkera Furious 215, ARRIS X-Speed 250B, and Walkera Runner 250 Pro. Use of ready-to-fly racing drones is growing, owing to zero setup cost and no requirement for assembly. Moreover, ready-to-fly racing drones are highly useful for beginners. They can learn to fly racing drones with ease and without any requirement for building their own racing drones. Moreover, ready-to-fly racing drones are inexpensive compared to other types of drones. Increasing use of ready-to-fly racing drones is projected to have a medium impact on the racing drones market from 2019 to 2027, owing to their numerous advantages.
Racing Drones Market: Prominent Regions
Asia Pacific is expected to dominate the racing drones market during the forecast period, owing to early adoption of technologies, presence of a large number of well-established players providing racing drones, and increasing popularity of drone racing across the region, especially in countries such as China, Japan, Australia, India, and South Korea. Furthermore, professional pilots are emerging from Asia Pacific, especially China, which holds a significant share of the market in the region. The market in North America is projected to expand at a significant rate during the forecast period, due to growing popularity of FPV drone racing tournaments, such as MultiGP Canada Drone Racing League and the U.S. National Drone Racing Championship, in the region. Popularity of drone racing is high especially among professional racers, as the winning price of these competitions is very high.
Racing Drones Market: Key Players
The global racing drones market witnesses presence of a large number of well-established as well as emerging players. A few of the key players operating in the global racing drones market are YINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, and Hubsan. These players strive to gain a competitive edge by developing innovative products that cater to multiple applications. For instance, in 2019, YINYAN Model Tech MFT announced the launch of a new racing drone called ‘Babyhawk R Pro 4’. Size of this drone is small i.e. 4 inches and it can fly at a high speed without creating much noise. The new product would help the company in catering to micro and mini racing drone product segments.
Inception of Drone Racing League to Accelerate Market Growth
Witnessing the growing interest in drone racing, the first-of-its-kind Drone Racing League was founded in 2015. The inception of the league is expected to play a critical role in the development of the drone racing market in the coming years. The Drone Racing League, which is currently in its fourth season, is held across multiple locations around the world, including Germany, France, and the U.S. With significant improvements in the FPV technology, availability of a plethora of FPV goggles, and consistent developments to widen the field of view (FOV), the racing drones market has witnessed significant growth.
Buy our Premium Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=58644<ype=S
Organizers of the drone racing leagues are continually introducing innovative drone racing circuits that are expected to encourage and drive innovations in the racing drones market. For instance, the Drone Racing League launched an Artificial Intelligence Robotic Racing (AIRR) Circuit, a drone racing series, wherein university students and tech-geeks are invited to develop an AI framework that will enables the racing drones to fly through racing league circuits without human intervention.
Moreover, due to the growing popularity of FPV racing as a competitive sport, organizations, such as the Drone Racing League and the U.S. Drone Racing Association, have been established.
The racing drones market is entering an era wherein investments are growing at an impressive rate, as companies, including Pepsi, GoPro, and Ernst & Young, are associating with racing drone events as corporate sponsors. Moreover, drone racing episodes were recently aired on the Discovery and Science Channels, which, in turn, is expected to improve awareness pertaining to drone racing.
More Trending Reports by Transparency Market Research –
Photonic Integrated Circuits Market With – https://www.prnewswire.com/news-releases/tmr-projects-strong-growth-for-photonic-integrated-circuits-market-with-a-23-0-cagr-thanks-to-rising-demand-from-telecommunications-301015199.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
